Introducing XBRL through a financial statement analysis project

Mohamed I. Gomaa, Ariel Markelevich and Lewis Shaw

Journal of Accounting Education, 2011, vol. 29, issue 2, 153-173

Abstract: In this project, we introduce business and accounting students to the application of eXtensible Business Reporting Language (XBRL) through the use of interactive data. Students study the basic concepts and potential benefits of interactive data and XBRL. Students learn to extract the financial reports of two companies in the same industry. Then, using traditional financial analysis techniques (ratio analysis) students can compare the performance of these companies. Thus, the project accomplishes two important objectives: it introduces students to the benefits and features of XBRL-tagged financial reporting and interactive data, and it shows how this medium can be used to facilitate the analysis of financial statements. The project uses free, publicly available interactive data tools to accomplish these objectives.

Keywords: eXtensible Business Reporting Language (XBRL); Financial analysis; Multi-company comparisons (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:joaced:v:29:y:2011:i:2:p:153-173

DOI: 10.1016/j.jaccedu.2011.12.001

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